From Wall Street to Sesame Street...recession hurts

First we were talking about Wall Street, then Main Street, now Sesame Street! Yep, the recession is taking its toll on Big Bird and the gang. While there's been a lot of satire about Oscar the Grouch raking in the dough as a slumlord after everyone moves into trash cans, this is real people with real jobs we're talking about.

Sesame Workshop, the nonprofit producer of "Sesame Street" and other kids' programs, announced layoffs earlier last week.

The company says it's cutting 20% of its work force because of the recession. That's 67 of 355 staff positions. Sesame Workshop was founded in 1968 and "Sesame Street" debuted in 1969.

I spent a great deal of my TV watching time as a child sitting in front of the tube watching Big Bird, Ernie, and Oscar so it pangs me to hear this.

Looks the Cookie Monster will have to cut back on his diet and Telly will have more to worry about.

Is this a sign of how bad the recession is, going to get, or are we at the bottom looking up? What do you think?